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The following information is available from the accounting records of Spenser Co. for the year ended December 31, 2019: Selling, general, and administrative expenses Accounts
The following information is available from the accounting records of Spenser Co. for the year ended December 31, 2019: Selling, general, and administrative expenses Accounts payable Research and development expenses Loss from discontinued operations, net of tax savings of $5,500 Provision for income taxes Net sales Interest expense Net cash provided by operations Cost of goods sold $ 56,100 93,500 40,700 17,600 81,400 636,900 70,400 162,800 299,200 Required: a. Calculate the operating income for Spenser Co. for the year ended December 31, 2019. SPENSER CO. Operating Income Statement For the year ended December 31, 2019 Expenses: b. Calculate the company's net income for 2019
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